Do You Approve Of The Overall Wonga Deal?


It seems that Wonga have done a double deal with Newcastle – a four year shirt sponsorship deal and they have also bought the naming rights to the stadium, and are reverting the name back to St. James’ Park.

Wonga shirt under the new sponsors – if it’s allowed to go through

We don’t know the financials involved,  but they are likely to be decent, if Newcastle dumped the two year deal form Virgin, said to be worth £20M over the two years.

So Mike Ashley has persuaded Wonga   to buy the naming rights to revert the name back to what the fans wanted – St. James’ Park – that’s some deal.

Let us know what you think of this overall deal.

Do You Approve Of The Overall Wonga Deal?

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285 comments so far

  • Ruddy Marveaux-lous

    Oct 9, 2012 at 3:13 PM

    Comment #1

    Repost

    Are we looking at football as a business and economy rife with morals and that this latest deal goes against the fine upstanding morals that are promoted in football?!

    Footballers earn immoral amounts of money, Sepp Blatter the head of the sport is one of the most corrupt and crooked men about. Russia and Qatar have been awarded international tournaments despite having appalling human rights records, and we all know why they have been awarded these tournaments, yet none of you are up in arms about this, instead a lot of you would rather slate the club for aligning themselves with a company who offer pay day loans.

    The people who get shafted by these companies are the ones that are too dumb to realise what they are for SHORT TERM LOANS! If you have been rejected for a loan in your bank then chances are there is a damn good reason for that. Perhaps I am being a bit cynical but I would rather focus on the benefits that arise out of this deal than the negatives.

    1) Huge additional investment in both the Academy and the Foundation Enterprise Scheme which can only be good for the club’s future.

    2) Increased revenue in comparison to the Virgin Money deal.

    3) WE GET ST JAMES’ PARK BACK!

    Why are we not all delighted?! Put this fake moral concern malarkey away and call a spade a spade. Some of you just like nothing more than a good old whinge about the club and will take any chance you get to do so. Some of you lot pretend to care about the moral rights or wrongs about Wonga but the reality is that you really couldn’t give a toss, you just want to slate MA and DL AGAIN!

    Stand up for SJP, stand up for the lads, stop your bloody whining and support the bloody team for christ sake!

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  • mattyNUFC

    Oct 9, 2012 at 3:13 PM

    Comment #2

    i understand the upheaval, and i agree with toonLYF on the last thread that it sounds like a sunday league sponsor

    but, as an American, to me this is nothing but the same. AIG was on Man U’s shirts for godsakes! Arguably the masters behind the worst financial crises in the history of finance!

    And now, Chevrolet has a deal in place with both Liverpool and Man U for next year topping nearly $1,000,000,000 !!!!

    do you know where that moneys coming from to fund two of the largest sporting institutions in the WORLD?? US TAXPAYERS because we F****** bailed them out! TWICE!!

    sorry, as a die-hard toon fan this sucks but don’t make it sound like this travesty is isolated. I could only imagine if the majority of Americans knew their money, which has to be repaid, is going to the coffers of two clubs to spend exorbitant amounts of money on mercenaries while the US is still racking up 1.5 trillion dollars in debt each year

    get a grip. this is football

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  • mattyNUFC

    Oct 9, 2012 at 3:14 PM

    Comment #3

    which has yet to be repaid*

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  • mattyNUFC

    Oct 9, 2012 at 3:16 PM

    Comment #4

    Imagine if this sponsorship was on the backs of all you UK citizens….

    then how up-in-arms would you be?

    can you say ‘meltdown’?

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  • rainrix

    Oct 9, 2012 at 3:17 PM

    Comment #5

    I’m Less bothered if they’re just our shirt sponsors tbh. At least now we are staying SJP. Also That shirt is really shoddy photoshop work no offence whoever made it 😉

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  • tequilamag

    Oct 9, 2012 at 3:18 PM

    Comment #6

    Ruddy, so shorthand for your argument is that everyone that is poor only has themselves to blame, and morality can be coveniently abandoned as long as Newcastle get a few quid in.
    And we should be grateful that SJP is back when it should not have been taken away in the first place.
    BTW block caps does not make your argument any more convincing.

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  • richyg01

    Oct 9, 2012 at 3:18 PM

    Comment #7

    @5, yeah that shirt is really annoying!

    We need the Blue Star back!!

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  • kingwyn

    Oct 9, 2012 at 3:19 PM

    Comment #8

    that Ashley gadgey has done alright ain’t he

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  • jesperfuglsang

    Oct 9, 2012 at 3:20 PM

    Comment #9

    I don’t really approve of these loan shark companies, but they are not illegal; so it is up to the British government to do something. My advise is – do not take a loan with a company like Wonga (it is a bad deal, especially if you know you cannot pay the interests)!

    That said, from a Newcastle point of view it does look like a great deal. The club seems to get a lot of money over the next four years and we get to call St. James’ Park, guess what 😀 St. James’ Park (well I did that anyway) but Newcastle get money this way as well!!!

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  • toonarmydownsouth

    Oct 9, 2012 at 3:20 PM

    Comment #10

    Ruddy good post
    Personally i didnt and dont want wonga splashed all over our kit but not sure how the FA can object it seeing as there blackpools current sponser

    I dint really want to get in to the whole are they moral/immorale thing but for me no company should be allowed to trade whilst pulling off stunts like this

    http://www.empireclaims.co.uk/blog/index.php/payday-loan-king-wonga-taking-fraudulent-funds-from-random-victims/

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  • archaeomag

    Oct 9, 2012 at 3:20 PM

    Comment #11

    At least many NUFC fans can relate to grinding the faces of the desperately poor.

    Usury-r-us @St Wonga’s Park

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  • ogm

    Oct 9, 2012 at 3:21 PM

    Comment #12

    Don’t really care who sponsors us as long as the money gets spent on the team.

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  • archaeomag

    Oct 9, 2012 at 3:23 PM

    Comment #13

    Are we now expecting 2000% effort and commitment from the players?

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  • toonincheek

    Oct 9, 2012 at 3:25 PM

    Comment #14

    Long time ago, I did post that I hoped for a sponsor who would have the style to include the naming rights in the deal but revert to St. James Park.

    Given the choice of a reputable sponsor with a stadium name to match, and Wonga but having St. James Park back – I think I would have gone for a reputable sponsor.

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  • Rotonda heights

    Oct 9, 2012 at 3:25 PM

    Comment #15

    Taking morals and ethics out of it I just think we could have done a lot better financially.

    For a one team town with over 50k crowds and in Europe, is Wonga really the only game in town? maybe it is.

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  • paul6257

    Oct 9, 2012 at 3:25 PM

    Comment #16

    i totally understand the benefits of a good sponsor deal, i just find it difficult to except on a morale standpoint. But hey who am i to have morale’s when it seems like everyone is selling out, eh, Ed , the box im typing into has a payday loan advertisement both above it and below it plus the two on the home page header!

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  • archaeomag

    Oct 9, 2012 at 3:26 PM

    Comment #17

    @ ED;
    For me -This page is now covered with adverts for loan sharks . .this W@@ga thing has started to corrupt this blog already

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  • jesperfuglsang

    Oct 9, 2012 at 3:26 PM

    Comment #18

    @ #1… Is that you real Ruddy? 🙂

    …must be it doesn’t sound like Ryddy Jiz. How you been mate?

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  • jesperfuglsang

    Oct 9, 2012 at 3:26 PM

    Comment #19

    *Ruddy not Ryddy 🙂

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  • alienhunter

    Oct 9, 2012 at 3:27 PM

    Comment #20

    To all those trying to take a moral stance against this deal..

    Wonga, if used correctly, is a useful though slightly expensive, service. You are only supposed to borrow from them short term and only really if you can afford to pay it back. The decision making and responsibility is with the person who borrows.

    Alcohol … Also the persons responsibility not to grossly misuse it. Do we blame the breweries for alcoholism or drunken assaults / damage? Of course not. Why should we blame Wonga if customers misuse their service?

    Are alcohol companies predatory?

    How many of you that are “outraged” by this were also morally outraged when we were sponsored by Greenalls or Newcastle brewery? After all alcohol has surely caused as much damage as loan sharks in terms of being misused by the ignorant and vulnerable

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  • gonufc (up and Hatem)

    Oct 9, 2012 at 3:27 PM

    Comment #21

    @ogm – so if it was Ku Klux Klan@ St James park that would be fine if they bought us a CB?

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  • mattyNUFC

    Oct 9, 2012 at 3:27 PM

    Comment #22

    …and of course. no one gives two s***s about Chevrolet sponsoring those clubs on the backs of American taxpayers yet you’re all up in arms about a company exploiting people more locally.

    this blog is too much sometimes.

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  • Ibizatoon - Back by popular demand

    Oct 9, 2012 at 3:28 PM

    Comment #23

    Ruddy Jiz seemingly retired again earlier. Something to thank Ashley and Wonga for?

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  • Ruddy Marveaux-lous

    Oct 9, 2012 at 3:28 PM

    Comment #24

    Tequila

    Caps for emphasis only. My point is that football is an immoral business, and there are much more immoral things in football that do not incite the same level of anger among fans, I just see this as an example of people who prefer to take a negative approach about all things NUFC or MA jumping on a moral bandwagon to have a good old whinge.

    It is a shame to say it but if, as a club, we choose to be more morally upstanding than the likes of Man U, City or Liverpool then we would sadly be left behind. A profit at all costs culture may not be what we want to see at our club but if we want to keep up with the big boys, and ultimately be one of the big boys again, then these are the avenues our club must pursue.

    Also getting SJP back is a pretty big deal if you ask me, and we are all angry that it was taken away in the first place but if it has squeezed an extra few million from Wonga for them to buy it then ultimately the stunt has worked in the sense that we have opened that up as a revenue stream and got the name back.

    Btw, if we discussed the moral wrongs in football today we would be here all day. I would prefer if people stopped going on like modern day Gandhi’s and admit that they just want nothing more than to slate the owners

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  • jesperfuglsang

    Oct 9, 2012 at 3:29 PM

    Comment #25

    archaeomag…I think these adds are meant to be somewhat intelligent 😉 they try to show something similar to what you visit on the Internet (stop visiting loan shark companies or google them ;))

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  • Slank

    Oct 9, 2012 at 3:29 PM

    Comment #26

    Mike Ashley is a very shrewd and very successful businessman. Newcastle United has got financially stronger with each season. It’s not going to be another Leeds United, Portsmouth or Glasgow Rangers. Neither is it going to be a ManU mired in debt with the owners helping themselves to whatever they can get away with.

    As a general rule it’s fair to say that the fans possibly know more about football than Mike Ashley and Derek Llambias but it’s also true that they know little or nothing about the successful financial management of a football club whereas Ashley (in particular) and Llambias know about financial management. Our club is in sound financial hands.

    It ain’t going down the pan into administration. It isn’t in hock to external companies who add interest to their loans and demand payment. Moreover, it will soon be generating sufficient revenue to support all its footballing activities and not just the first team. From the blurb much of the sponsorship will go into developing the players of tomorrow and also the local lads.

    Its a good deal.

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  • Rotonda heights

    Oct 9, 2012 at 3:30 PM

    Comment #27

    Matty

    You’ll appreciate AIG and Chevrolet are huge global brands.

    Wonga is Uk based only so has very limited scope for increased revenues.

    Wonga’s offer to a top 5 team (well last season any way) is a joke. Manu get 350M sponsorship over the same time frame

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  • archaeomag

    Oct 9, 2012 at 3:30 PM

    Comment #28

    @alienhunter
    Back in the Day ‘Newcastle’ [Brown Ale etc.] was a recognised local brand and employer, part of the wider NE community – not a bunch of Shylocks from London

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  • Ruddy Marveaux-lous

    Oct 9, 2012 at 3:33 PM

    Comment #29

    Jesper and Ibiza

    I am not going to stay for long, I read that Wonga got the sponsorship deal and foresaw a meltdown on the blog and thought I’d try and steady the ship with counter points to the usual moral BS that some people are hiding behind.

    I am not too bad lads, taking a break from the blog by and large, still read it religiously for my sins but I can’t see myself ever coming back on it with much regularity, there’s too much insanity among the ranks 😛

    Likening Wonga to Ku Klux Klan? Well they lynched black people…so I would suggest that is a somewhat polemic comparison and is the rankest form of exaggeration to negate someone else’s point. Try reason and logic in future.

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  • ramboreilly

    Oct 9, 2012 at 3:33 PM

    Comment #30

    Most people actually would not care if the klu klux clan did sponsor us,if as you say we got a CB.The club has lost its sole,but hey if we get a player who couldnt give a shit about the club and is here only for the money.Well as long as hes quality everyones happy.

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  • alienhunter

    Oct 9, 2012 at 3:34 PM

    Comment #31

    So locality means that a blind eye can be turned to morality,archeomag? Would it be okay if Wonga were a Newcastle based company?

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  • richyg01

    Oct 9, 2012 at 3:34 PM

    Comment #32

    At the end of the day, we can only be sponsored by companies that want to sponsor us.

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  • jesperfuglsang

    Oct 9, 2012 at 3:34 PM

    Comment #33

    Ibiza…I don’t trust Ruddy Jiz; I has retired one too many times 😉 lol

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  • jesperfuglsang

    Oct 9, 2012 at 3:34 PM

    Comment #34

    * that just didn’t make sense 🙂 I meant he has retired one too many times 😉 lol

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  • Slank

    Oct 9, 2012 at 3:34 PM

    Comment #35

    alienhunter @ 20

    Very well put about booze and breweries.

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  • Ruddy Marveaux-lous

    Oct 9, 2012 at 3:35 PM

    Comment #36

    Also if you don’t want to see the loan company ads just put a bloody ad blocker on your browser…

    Seriously.

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  • Rotonda heights

    Oct 9, 2012 at 3:35 PM

    Comment #37

    has the club lost it’s sole or soul? I’m confused

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  • gonufc (up and Hatem)

    Oct 9, 2012 at 3:35 PM

    Comment #38

    @Ruddy – I did NOT liken wonga to the KKK. He said he couldn’t care less who the sponsor was as long as they paid up.

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  • richyg01

    Oct 9, 2012 at 3:35 PM

    Comment #39

    @37

    Sole mate, Fish is off the menu!

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  • archaeomag

    Oct 9, 2012 at 3:35 PM

    Comment #40

    @jesperfuglsang
    Luckily – not even W£nga will lend me money

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